aussie mining bout to see a glory days recovery
minerals needed for climatechange technologies across the board, batteries solar wind nuclear also
think when the dxy finally lets up these are some of the best performers as we see a transitioned mining strategy in australia no matter who gets elected next cycle
big mining will be big winners in the coming years
DYL is looking good as it has bounced off the 200SMA which is also a good Support zone, and is consolidating currently. It has also broken the downward sloping trendine with high volume. I expect a swing higher with a target of $0.825 (potential 20% gain) with a tight stop below the swing low.
Please note these are my own notes, by no means trading advice....
DYL , Big hammer on weekly in previous supply zone.rejected 50W MA.. Broke-Backtested-Rejected ascending triangle support.
Possible demand zone and reversal area indicated on the chart, watch for RSI support on this pullback.
After finding support on the trend line on the 9th and 11th April, DYL has found momentum looking forward again.
Daily RSI STOCH RSI and MACD all pointing to positive signs for Australian based Uranium miner. This area of $0.375 - $0.40 is where accumalation is and is going to be a major support level in the future as it is now. $0.40 must break to see a major...
Uranium is my highest conviction idea and consumes a large portion of my book. This is the beginning of a longer-term bull market of 5 to 7 years, don't worry about the short term!
***DONT over leverage!
